Stock Indexes Close Broadly Higher

But Oracle, Facebook sink
By Newser Editors and Wire Services
Posted Mar 20, 2018 3:11 PM CDT
Specialist Mark Fitzgerald, left, and trader Fred DeMarco, center, work on the floor of the New York Stock Exchange, Tuesday, March 20, 2018.   (AP Photo/Richard Drew)

(Newser) – US stock indexes closed broadly higher, led by gains in retailers, energy and industrial companies, the AP reports. Amazon jumped 2.7% Tuesday, leading the way higher for retailers. Energy companies rose along with the price of oil, and banks were also higher as bond yields rose. Oracle plunged 9.4% after reporting disappointing results, and Facebook sank 2.6% following reports that the Federal Trade Commission will look into its handling of user data. The S&P 500 index rose 4 points, or 0.1%, to 2,716. The Dow Jones industrial average rose 116 points, or 0.5%, to 24,727. The Nasdaq composite increased 20 points, or 0.3%, to 7,364. (Read more stock market stories.)

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